How to refer another business to iwoca

If you’d like to refer somebody just make sure they give your business name to their dedicated Account Manager when they sign up.

22 August 2019

Referring a business is pretty straightforward - there are two ways to do it:

  • Simply tell the business about iwoca using this link – ask them to give your business name to their Account Manager before they take out their loan.
  • If you prefer, give us their details and we’ll get in touch with them for you.

We help all kinds of small businesses with loans from £1,000 to £350,000. Borrow for just one day or up to five years.

What’s in it for them?

They’ll then get their first 30 days with us interest-free.

This means that if they repay within 30 days, their loan will be completely free of charge.

What’s in it for you?

We believe you should always reap rewards for your own work, so we’ll give you 2% of the value of the first loan they take for introducing us.

Here is what that looks like for different amounts:

£10,000 borrowed = £200

£50,000 borrowed = £1,000

£200,000 borrowed = £4,000

Just so you know...

At the moment the scheme only applies if you refer a limited company or LLP. You will see the bonus appear in your bank account 30 days after the business you refer takes a loan with us. However, if the loan is repaid in full within the first 30 days, you won't be eligible for a bonus.

It will appear in your account with the reference 'IWOCA REFERRAL BONUS' and we will contact you via email to let you know it's on its way.

The terms of our bonus can change. We’ll always keep this article up to date.

See our full terms and conditions here.

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This article was created by the Insights team at iwoca.

Article updated on: 17 January 2020

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